A joint venture between Benson Elliot and Generale Continentale Investissements (GCI) has started works on an office redevelopment in the heart of La Defense in Paris. France. Latitude will provide 22,300m² of Grade A office space over eight floors and will offer occupiers a modern working environment. Its expansive floorplates - a rarity in a La Defense market dominated by tower blocks - will feature landscaped break-out areas, as well as state-of-the-art amenities for both tenant and public use. The project is scheduled for completion in Q2 2020 and will be built to the highest environmental standards and is set to receive CSR credentials including HQE ‘Exceptionnel’, BREEAM ‘Excellent’, Effinergie+, Well Core and Shell ‘ready’, Wiredscore Platinum.
Latitude is distinctive for its lateral design, conceived by the award-winning STUDIOS Architecture. Bouygues B?timent Ile-de-France – Rénovation Privée has been appointed as a general contractor and financing was secured from BNP Paribas and SCOR. The building will be highly visible in the La Defense market, situated adjacent to the La Defense ring road and close to the Centre of New Industries and Technologies (CNIT), a major convention centre and a local landmark.
Remi Monglon, Principal and Head of France at Benson Elliot, commented: “After two years of hard work, alongside first-class architects and developers, we are pleased to introduce Latitude. The property has a unique design, and upon completion will deliver efficient, top quality office space, with the highest environmental credentials, into a sub-market seeing limited new supply.”
“We are truly excited about this project and are confident that Latitude will make a significant contribution to the new, vibrant face of La Defense. We are offering our users highly flexible and new ways of working. Our aim is to expand what is possible within a working environment and enhance what this world-class business district has to offer,” said GCI Managing Director Sharon Raingold. “In an area where towers dominate the skyline, we believe the large, lateral floorplates of Latitude will encourage a less hierarchical and more forward-thinking business model, where innovation and collaboration can be celebrated.”
